A recent 13G filing shows that activist investor Bill Ackman’s beneficial holding in Burger King Worldwide Inc (NYSE:BKW) has risen to 41,949,413 shares, constituting an 11.9% stake in the global fast food and hamburger chain. As of September 30, 2013, Ackman held 38,372,120 shares.
Burger King’s earnings beat
Yesterday, Burger King Worldwide Inc (NYSE:BKW) reported Q4 EPS of $0.24 that beat estimates by $0.01. Revenue of $265.2M missed estimates by $2.05M and was down 34% year on year. However comparable store sales were up 1.7% during the quarter. New menu items like Satisfries french fries and the Big King burger, styled after McDonald’s Big Mac, helped lift sales.
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